EFERT -PSX EFERT Is in bullish trend and testing its long term trendline with no divergence at top , possible forming its HL at 0.618 fib retracement
buy at CMP with risk defined BELOW HL
CPHL - BULL FLAG, TARGET: 35.20CPHL surpassed the 50% target at the 30.90 level and hit the upper cap at 31.59. The current momentum shows strong bullish behavior in the North, indicating that the target of 35.20 might be achieved in the next few sessions. It is suggested to stay long!
TARGET: 35.20
WAVES | Cup & Handle Pattern Vs Trend Line SupportWAVES displays a promising bullish reversal pattern characterized by the formation of Cup & Handle pattern. Additionally, the stock price is supporting its ascending trend. Our plan entails accumulating the stock within the designated buy zone (7.20 - 7.50 range), while setting stop loss orders below the bottom of its CUP around 6.50 to manage risk effectively.
Anticipation builds initially around its neckline around 8.20 and upon the breakout from the neckline, anticipated around the 9 area.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on WAVES are encouraged.
Tomcl Analysis.(Buy)Analysis: 📈 Tomcl forms a bullish flag pattern, indicating potential upward movement. However, recent RSI divergence caused a temporary fall to form a higher low (HL), aligning RSI with the price action. The price is currently at the channel top, encountering resistance. Crossing this level with substantial volumes could trigger a bullish momentum.
Strategy: 🎯 Consider buying Tomcl above 34.50 or ideally above 38.50, targeting initial gains at 40.60 and then aiming for 45.00. Ensure volume confirmation for sustained bullishness. Keep an eye on price action near the channel top for breakout signals. Happy trading! 🚀
NCLNCL is trading in Falling Wedge Pattern (Reversal Pattern) .
We can attempt to buy NCL from specified level as it break last LH , trendline resistance , also bullish divergence occur indicate that it move upward.
SL , TP mention in chart.
CLOV - CRAB PATTERNAfter a bullish trend, CLOV is expecting a reversal trend , bearish move expected. Short entry recommended in CLOV.
LOTCHEM - ABCD PATTERNAfter a bearish trend, LOTCHEM is expecting a reversal trend , good bullish move is expected. Long entry recommended in LOTCHEM.
TOMCL - GARTLEY PATTERNAfter a bearish trend, TOMCL has reversed its trend , good bullish move is expected. Long entry recommended in TOMCL.
PSO - BAT PATTERNAfter a bearish trend, PSO has reversed its trend , there is a divergence on RSI too and a good bullish move is expected. Long entry recommended.
SHEL - ABCD PATTERNAfter a bearish trend, Shel is expecting a reversal trend , there is a divergence on RSI too and if it breaks above 148.78 a good bullish move is expected. Long entry recommended
PSX printing a Bearish flag Pakistan Stock Exchange seen printing a bullish flag most likely to break the all time high
Cnergy Analysis - (2.0) Buy."It looks like Cnergy is on the verge of a bullish reversal and may soon enter an upward trend. The RSI is showing bullish divergence 📈, and there's a bullish reversal pattern forming in the shape of a falling wedge. I recommend placing a buy stop order at 4.60, to be triggered upon the LH and neckline break. Alternatively, you can consider partial buying at current rates near the channel bottom, with confirmation at 4.60. 🚀 Set your stop-loss (SL) at 4.20 and target 5.10 and 5.60 respectively. This strategy blends technical analysis and risk management for a potentially profitable trade. Best of luck with your trading! 🍀🌟"
PPLWe can attempt to buy PPL from specified level as 0.5 FIB intact , also there is no bearish divergence occur at current levels.
SL , TP mention in chart.
Descending Channel in TPLTDescending channel continuation pattern observed in TPLT in daily timeframe. There is no divergence, so there is a strong possibility that the current bearish trend will continue forming new lower highs and lower lows.
last 2 Hourly candles is Tweezer BottomThose who think they have missed the rally, wait
for the re-test of breakout level around 288 - 290.
Sustaining 290 will lead it to 358 - 369 initially.
However, last 2 Hourly candles is Tweezer Bottom;
another hope for Upside; and if it Crosses 340, next
target would be around 360 - 369.
Stock is Bullish on All Time Frames but Bearish
Divergences are also appearing on Weekly TF, so Trade wisely.
Broken an Important Horizontal Support level of 66
>
> Descending Triangle Formation Targeting
around 22 - 23
> However, Bullish Divergence is appearing on Weekly TF
> Next Important Support is around 44 - 50 as
ABCD pattern also completes there
On the flip side, 66 needs to be crossed again & sustain!
In this case, Target may be around 75.
FFBL-A bullish flag continuation pattern formingA good possible long trade expected in FFBL due to the bullish flag forming.
LUCKY CEMENT PSX (BULLISH)LUCKY CEMENT made a short rally upwards and is now making a bull flag, in this case if broke above the flag pole, it can continue its upward trend.
